Thursday, January 24, 2008

Attraction Points, coming up

N QQQQ 43.92,43.70 - 44.86,45.05, 45.18
N SPX 1336 - 1353, 1357,
10:02 ET, warning , possible sell on 5min and exhaustion bar on Q's, exactly at First, just trail close
10:14 ET, SPX AND Q's dead both at 1st Attraction Points! JPY is not falling apart though
10:18 ET, Lot of people taking nice 10-15% profits, no surprise int 2 days. I know I took some profits myself, but watch YEN it s trending so far.
10:20 ET, YEN Exhaustion on 5/15 min and sell on 5min(sorry correction 2min), must hold 106.40, and must aim and break 107 on the other side today
10:25 ET, JPY status 1,1,0,1,1, this is still conducive to jpy decline-stock rally mode, but must hold levels
10:35 ET, this is a turn time , will YEN break 106.40 and we go down in the market?
10:38 ET, Q, hits the lows 10c from projected, YEN may have better ideas? Still watch the air pockets, it is like flying the first time again! Have the stops in and/or keep your fingers on the pistol
it is very possible that we have a bit inside day today, like the one that stays between the first or second AP's on both sides?
11:37 ET, are we watching the paint dry or what?
12:45 ET, Market is coiling as a spring and will break out?
13:26 ET, 13:45 is a turnaround time of sorts, 106.60, 106.50 and 106.40 are the levels to watch for the break up on YEN. At this moment the market is paying the CHINESE TORTURE with traders. Break up more likely now(in price), stops tighter, Stock Market could sell off here!
14:27 ET, OK JPY has broken none of the levels we asked to watch and moved lower. Just as well! Now at the First AP having problems
15:07 Et, they spiked JPY to first and rejected , status now 1,1,0,1,0(hourly just flipped, to by JPY) JPY could rally with this status, needs watching both JPY and Stocks
15:28 ET, Q's have been rejected twice today at FIRST! it should have been possible to make few Penney's
15:30 ET, it is good that JPY broken yesterday's low price, but it may need to do some digestion before going lower.
15:41 ET, If I am going to be right ( only 20 min remains) this will be indeed an inside day, Beautiful.

25 comments:

Anonymous said...

Hi,

SIRI is spiking this morning. There are merger talks.

good day.

john said...

Boris,

I hate to ask, but I will . The spx

old john

Anonymous said...

I also wanted to add, the options activity right now is pretty one-sided. Calls. I've been watching for a few days.

To me, that is the most interesting aspect. Ticker: SIRI. $3.05

boris said...

Dear John,
Sorry got stuck, things move so fast.

Please forgive me(:-

Good Trading

john said...

Boris,,
thanx, you dont know how much.

old john

john said...

Boris,
just watching the yen, finger on trigger

old john

learned from the best

boris said...

Dear Jon, Brandon
Thanks for your comments.

Good Trading

john said...

Boris,

I could be painting my bathroom ceiling now.

old john

boris said...

Dear John,
Yes, We entered the lunch time without hitting the first AP's on JPY... Wow, I have not seen this in a long while.

Good Trading

waldo said...

Hi Boris, certainly no volume follow thru from yesterday. I have been lurking but not posting much, got some new software for daytrading and terying to learn that but I am never far away. Waldo.

boris said...

Dear Waldo,
Man's got to do what man's got to do rith?

ENjoy dear FRIEND.

If you can be any assistance with the software, let me know. I know your pretty handy man though.

GOod Trading

john said...

Boris,,
up

old john

boris said...

Dear John,
Thanks for waking me up...

Good Trading

john said...

Boris,

that was good

old john

Jason said...

Boris,

Any thoughts on which way this coiled Yen will pop?

Jason

boris said...

Dear Jason, Eventually down, but I can preclude the move up here.

We are talking prices, not quotes right?

Good Trading

Greenie said...

Dear Boris,

Good forecast on Brutish pound the other day - it exploded on the upside. How high do you think euro and pound will go, given 50 points rate cut will be coming next week?

G.

Jason said...

I think I know what you mean. The value of the YEN moving down over the long term but a little strength in the near term. I usually watch the USD/JPY pair so I would look for a down move near term.....ooops looks like it is startingg to break to the upside.

Jason

waldo said...

Thanks Boris, I have esignal, I will learn but takes old people longer to learn. waldo

john said...

Waldo,,
You are youngster

old john

john said...

Boris,

thanx, I played the spx back and forth. First time in my life I made two trades the same day. Made a little on each one

old john

boris said...

Good For you Dear John,

Nice going...

Good Trading

john said...

Boris,

Using smaller amounts, easier to handle.We talked about that.

old john

boris said...

Dear Waldo,
YOu are not old, you are just wise(r) than lot of youngsters.

Yes, I know that staff... YOu will too soon.

Good Trading

mlytle said...

Boris and all,
This rally looks like it could be failing here...Fibonacci targets look unlikely to be met at this point...

Regards,
Mark L.